Current Affairs – 8th February 2017

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This bill seeks to enable employers to pay wages to workers through cheque or directly crediting to their accounts.

The bill will replace the Ordinance promulgated in December last year.

This new law will help in check exploitation of workers in unorganised sector.

The swearing-in of AIADMK General Secretary VK Sasikala as the Tamil Nadu Chief Minister did not take place today.

O Panneerselvam will continue to serve as the interim Chief Minister until the state’s Governor examines the legal implications around Sasikala’s appointment.

Assam government has proposed to link healthcare of the elderly to the pay of its employees to ensure that they look after their parents.

Presenting the budget, state finance minister Himanta Biswa Sarma said every government employee must take care of his or her parents, else the government will deduct a part of the salary and give it to them.

New Appointments

New Appointments as on 8th February 2017 details are given below:

Jovenel Moise was sworn in as Haiti’s President and will serve a five-year term.

Moise won a re-run presidential election last year with 55.6% votes after the first round of elections in October 2015 were scrapped over fraud allegations.

Moise replaces interim president Jocelerme Privert, who was appointed to the post in February 2016.

Banking & Economic Affairs

This is the second time in a row that the repo rate has been kept unchanged.

The reverse repo rate also remains unchanged at 5.75%.

The RBI further said that the expected growth is 6.9% for the 2016-17 fiscal.

Current RBI Rates :

Repo Rate – 6.25 percent

Reverse Repo Rate – 5.75 per cent

Marginal Standing Facility (MSF) – 6.75 per cent

Bank Rate – 6.75 per cent

Cash Reserve Ratio (CRR) – 4.0 per cent

Statutory Liquidity Ratio (SLR) – 20.75 per cent.

The weekly cash withdrawal limit from savings bank accounts from ATMs or banks will be increased to ₹50,000 from February 20 and there won’t be any withdrawal limit from March 13, the Reserve Bank of India announced today.

Note : The weekly withdrawal limit now is ₹24,000.

Bank of America has opened three completely automated branches in the US which do not employ any human.

At the automated branches, customers can use ATMs and have video conferences with the employees at other branches.

About a fourth of the size of a typical branch, these branches sell mortgages, credit cards and auto loans rather than cashing cheques.

General Knowledge

The Navapur Railway Station is located in two states, with half of the station being located in Maharashtra and the other half in Gujarat.

A train that halts at the station is also positioned between the two states.

Sports Current Affairs

All Sports Updates on 8th February 2017 details are provided below:

Ethiopian runner Genzebe Dibaba broke the women’s 2,000-metre world record, running the distance in five minutes, 23.75 seconds, at an indoor arena in Spain.